Query statement showed up in Navbar – hideable?

Just updated my BP installation to the latest and suddenly a “31 Queries | 38mb” statement is showing beside the Notifications button in the navbar. Clicking on the text does nothing – though the hand appears. I’ve gone turning off all my plugins trying to see if they affect its visibility , but nope.

So if this is a result of the latest BP upgrade – is it hide able or removable?